Quantbot Technologies LP Acquires Shares of 259,580 Western Copper and Gold Corporation $WRN

Quantbot Technologies LP bought a new stake in shares of Western Copper and Gold Corporation (NYSEAMERICAN:WRN) (TSE:WRN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 259,580 shares of the company’s stock, valued at approximately $581,000. Quantbot Technologies LP owned 0.11% of Western Copper and Gold as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in Western Copper and Gold by 1,464.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,654,741 shares of the company’s stock worth $4,197,000 after purchasing an additional 1,548,938 shares during the period. Euro Pacific Asset Management LLC lifted its holdings in shares of Western Copper and Gold by 133.9% during the 1st quarter. Euro Pacific Asset Management LLC now owns 2,421,617 shares of the company’s stock worth $5,999,000 after acquiring an additional 1,386,111 shares during the period. Auxano Advisors LLC acquired a new stake in shares of Western Copper and Gold during the 4th quarter worth approximately $2,456,000. Walleye Capital LLC acquired a new stake in shares of Western Copper and Gold during the 1st quarter worth approximately $2,249,000. Finally, Bank of America Corp DE increased its stake in Western Copper and Gold by 696.3% in the third quarter. Bank of America Corp DE now owns 989,615 shares of the company’s stock valued at $1,950,000 after acquiring an additional 865,339 shares during the last quarter. Institutional investors own 21.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WRN shares. HC Wainwright restated a “buy” rating on shares of Western Copper and Gold in a research note on Tuesday, June 30th. UBS Group reiterated a “buy” rating and issued a $5.25 price target on shares of Western Copper and Gold in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Western Copper and Gold currently has an average rating of “Buy” and an average target price of $5.50.

Western Copper and Gold Stock Performance

Shares of NYSEAMERICAN:WRN opened at $2.59 on Friday. The company has a fifty day moving average of $2.27 and a 200-day moving average of $2.63. The company has a market capitalization of $584.93 million, a PE ratio of -129.50 and a beta of 1.27. Western Copper and Gold Corporation has a 52-week low of $1.38 and a 52-week high of $4.26.

About Western Copper and Gold

Western Copper and Gold Corporation is a Canada-based mineral exploration and development company focused on advancing one of the world’s largest undeveloped copper-gold deposits. Listed on the NYSE American under the symbol WRN, the company’s primary asset is the Casino Project, located in the Yukon Territory of northern Canada. Western Copper and Gold’s activities are centered on resource definition, engineering studies, environmental assessment and community engagement to prepare the deposit for eventual production.

The Casino Project comprises multiple porphyry-style mineralized zones containing copper, gold, molybdenum and silver.